Tuesday, March 16, 2010

Momentum Building for Action on China Currency Manipulation


by James Parks, Mar 15, 2010

The momentum is building for the United States to take strong action to counteract manipulation of its currency by China’s government.

More than 130 members of Congress signed on to a letter from Reps. Mike Michaud (D-Maine) and Tim Ryan (D-Ohio) delivered today that urges Treasury Secretary Timothy Geithner and Commerce Secretary Gary Locke to take strong action up to and including countervailing duties (CVD) or tariffs because of currency manipulation.